In a reply to complaints brought against it by the National Association for Fixed Annuities, the Department of Labor says it is entitled to summary judgment on all claims, and the court should deny NAFA’s motion for summary judgment and a preliminary injunction.
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The process of hiring and training newbie Millennial advisers is not going to be the same as onboarding a DC plan veteran, but there are a few best practices that should help ease the process of getting new talent of all experience levels up to speed.
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More than three-quarters of investors agree that index mutual funds and TDFs are usually a cheaper way to invest compared with active equity mutual funds, but 71% “also believe they are less risky,” according to new research from Natixis Global Asset Management.
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Research from global analytics firm Cerulli Associates finds that institutional investors in general no longer limit review of their assets to traditional financial metrics such as revenue, profitability, or valuation.
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Chief Judge Joseph H. McKinley, Jr. of the U.S. District Court for the Western District of Kentucky affirmed a bankruptcy court’s decision that participants in the employee stock ownership plan of bankrupt Conco, Inc. cannot sell their shares until January 1, 2019.
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Retirement plan participants are in the dark on a wide range of financial topics—whether it is how compounding works, the consequences of taking out a loan from a 401(k), how Social Security benefits are taxed, or student loan debt.
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